Umbrella deploys on Concordium
At Umbrella Network, we’re committed to providing innovative data solutions. And today, we are thrilled to announce that Umbrella’s oracles are now live on Concordium
Let’s recap what makes Concordium unique
Concordium is a layer 1 blockchain designed specifically for business applications, with a unique focus on solving key issues such as confidentiality and accountability. As a decentralized layer 1 blockchain, Concordium uniquely features ID-verified accounts, prioritizing user privacy, and offering quick and cost-effective transaction solutions. This makes it particularly appealing for businesses seeking blockchain technology that meets critical regulatory requirements while maintaining a decentralized framework.
Umbrella Network’s Update on Concordium
As the primary oracle on Concordium, Umbrella has deployed the price feeds ETH/USD, CCD/USD, USDT/USD, EUROe/USD, and MATIC/USD.
As part of our On-Chain Data Solution, these price feeds offer developers and businesses utilizing Concordium access to accurate and timely financial data, which is essential for a wide range of decentralized applications (dApps) and smart contracts.
This update not only highlights our synergy with Concordium but also our dedication to supporting their expanding ecosystem.
To further strengthen our relationship within their ecosystem, Umbrella will also be running a Concordium node.
This move enhances our integration with Concordium, enabling us to deliver reliable and scalable data services directly within their ecosystem.
Conclusion
Our partnership with Concordium continues to flourish. Expanding Umbrella Network onto new Layer-1 and Layer-2 platforms signifies a pivotal point in our roadmap. By collaborating with Concordium, we are broadening the adoption of Umbrella’s oracle services. We are honored to be a part of Concordium’s ecosystem.
Stay tuned for more developments from Umbrella within Concordium’s ecosystem.
About Umbrella Network
Umbrella Network, is a decentralized oracle service that provides blockchain projects with secure, scalable, and customizable data solutions.
Umbrella offers smart contracts a broad suite of solutions, whether it is high frequency pricing updates, aggregating large volumes of data at scale, or providing tailored price feeds for specific needs. Secured by a network of decentralized community validators, Umbrella can provide any data that you need when you need it.
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